STUMBRAS

MATERIAL EVENT



DECISIONS OF A GENERAL SHAREHOLDERS’ MEETING



At the general shareholders’ meeting the following decisions were adopted:

1) the report of the Management Board on the company’s economic and financial

performance in 2001 was approved;

2) audit report on the company’s financial statement of 2001 was heard;

3) the company’s financial statements of 2001 were approved;

4) the company’s profit appropriation was approved. Payment of dividends to AB

Stumbras’ shareholders was approved;

5) revoke I. Adomaityte, A. Gabalis, G. Buinevicius, and A. Stankaitiene from

the Council of Observers pursuant to the Resolution No.522 “Regarding

recognition of the Resolution No. 577 of 23 May 2000,  Resolution No. 825 of 13

July 2002, and Resolution No. 301 of 16 March 2001 void“ of the Government of

the Republic of Lithuania of 12 April 2002.

6) Elect the following persons members of the Council of Observers pursuant to

the Minutes No. 74 of 2 April 2002 of the Meeting of the Commission of the

Ministry of Agriculture of the Republic of Lithuania regarding coordination of

the representation of the state owned shares: chairman A. Damanskis, manager of

the Plants Division of the Ministry of Agriculture; deputy chairman A.

Barauskas, chief engineer of SPAB Stumbras; members: V. Kalinauskas, Governor

of Kaunas County; and A. Nesteckis, manager of the state tax inspectorate of

Kaunas County.





S. Stupakovienė

Economic analysis manager

8(27) 308841